Is Parkersburg, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Parkersburg is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Parkersburg has remained a Seller's Market.

Key Takeaway

Parkersburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Parkersburg, WV

How much do homes in Parkersburg, WV cost?

Median Sold Price

$154,500

$95/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,500(+9.6%)

Key Takeaway

Homes in Parkersburg have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in Parkersburg was $154,500 in October 2024, up 9.6% from last year, and the median price per square foot was $95.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $107.5K-
N/A
2 $107K$119K
+11.2%
3 $140.1K$150.1K
+7.2%
4 $187K$211.7K
+13.2%
5+ $272K$262K
-3.7%

Summary: Parkersburg housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes decreased by 3.7%.

Median Sold Price Compared To Nearby Cities

Lubeck
+23.0%
Belpre
+13.9%
Parkersburg
+9.6%
Tygart
+3.7%
Vienna
-4.9%

Housing Supply in Parkersburg, WV

How many homes are available in Parkersburg, WV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
167164-1.8%

Summary: The Parkersburg real estate market had 164 homes for sale in October 2024, a 1.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1621
+31.3%
3 9590
-5.3%
4 4036
-10.0%
5+ 1617
+6.3%

Summary: The Parkersburg housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 31.3%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 6.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3736-2.7%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Parkersburg, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in Parkersburg in October 2024, down by 2.7% month-over-month. Of the 36 sold homes, 61% were sold under asking, 22% were sold at asking, and 17% were sold over asking.

Days on Market for Parkersburg, WV

How long does it take to sell a home in Parkersburg, WV?

Average Sale Time

Oct 2023Oct 2024CHANGE
48 Days64 Days+33.1%

Summary: Homes in Parkersburg had an average of 64 days on market in Oct 2024, up by 33.1% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Parkersburg has remained consistent over time.

Summary: During October 2024, 36 homes were sold in Parkersburg; 22% of homes were sold within 30 days, 61% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Parkersburg, WV

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